Marwood snapped up by John Shepherd
Cannock estate agency Marwood Independent Property Services has been bought by a West Midlands lettings agency.
John Shepherd Lettings Group, which has offices across the region including Solihull, Sutton Coldfield and Birmingham, acquired the agency for an undisclosed sum.
Marwood’s managing director Gary Black will now head up the Cannock operation.
Black said: "Marwood has built its excellent reputation based on solid local knowledge and commitment. I am planning to focus on these strengths whilst also adding new resources, investment and expertise to ensure that Marwood goes from strength to strength in the local and regional marketplace."
David Marklew, co-founder of Marwood, will stay with the company as a consultant focussing on the commercial property side of the business.
Legal advice on the deal was provided by Lichfield and Cannock law firm Ansons, with corporate solicitor Jas Singh acting as lead adviser.
"We are seeing the local market gradually beginning to show signs of improvement and in that context it’s good to see Marwood’s commitment to expand its estate agency and letting operations through the region," said Singh.
